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$PTON mean reversion / bottom fishing
Peloton Interactive, Inc.
$PTON mean reversion / bottom fishing
By ozwald
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Dec 21, 2021
1
Dec 21, 2021
Aim is to play a potential QQQ rally after it undercut the $379 low from 12/3 yesterday
Good ~3 rr ratio if breaks above ~$43 could go back to the 50 d sma and 0.382 retracement of the down leg at ~$60
CRWD
and
DOCU
are also interesting plays in that perspective
Trend Analysis
ozwald
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